Loading…
RaboResearch's semi-annual global fertilizer report shows North American nitrogen, phosphate and potash imports in Q1 2020 fell 22% from a year earlier. Analyst Sam Taylor says factors point to continued downward pressure on fertilizer prices.
Muriate of potash prices fell 25% worldwide, and ammonia reached its lowest level since 2016 in May.
Persistent oversupply and weak energy-linked prices keep fertilizer costs low, which helps livestock and feed producers' input costs. Potash and nitrogen prices are expected to remain soft.
agri-pulse.comNoah WicksJul 15, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
